No Fresh Supply of Mall Space for South India between January and March

Published: September 8, 2009

The three major cities in south India — Chennai, Hyderabad and Bangalore —did not witness fresh supply of mall space between January and March this year, according to Cushman & Wakefield. However, these cities would see supply of 4.35 million sq ft by the year end, the real estate services firm said in its report [...]

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Is the worst over for the real estate sector?

Published: September 7, 2009

New Delhi / Bangalore: Nitesh Shetty, a developer of high-end properties in Bangalore, has no qualms over dropping the premium tag—and prices—in some of his projects as demand for affordable housing picks up pace in India.
“Demand lies here and we need (to) adapt accordingly,” said Shetty, founder and managing director of unlisted realty company Nitesh [...]

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Realty: Retail segment not a lucrative avenue

Published: August 24, 2009

When the going was good in the real estate sector a few years back, retail was seen as a lucrative avenue to park one’s funds. But given that the current scenario creates scepticism on the return on investment, is retail still seen as a profitable option?
Take the case of businessman Manoj Shah who had invested [...]

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Mall owners focus on space fillers

Published: July 27, 2009

AHMEDABAD: Mall vacancies in major retail destinations such as Delhi, Mumbai, Pune and Hyderabad climbed between 5% and 15% in June 2009, even as developers rewire their strategies to sustain cash flows. During the past six months, developers juggling with various revenue models have discovered to their relief that certain “flexible” formats like ‘minimum guarantee’ [...]

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Is it the right time to expand biz in property market?

Published: June 22, 2009

The good news is that the commercial segment in real estate is upbeat and demand is picking up. While initially, the first quarter of the calendar year saw a major decline in rental values in commercial spaces, the process of stabilisation has now begun over the last few weeks.
Companies, which were earlier hesitant to set [...]

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Drop in Rentals Lure Retailers towards Metros

Published: June 3, 2009

With rentals dropping sharply, large retailers such as Aditya Birla Retail, Reliance Retail and Shoppers Stop, and food chains such as McDonald’s are looking at metros and mini-metros for expansion. Aditya Birla Retail and Reliance Retail had started their operations two years ago in Pune and Hyderabad, respectively, as realty costs were too high in [...]

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Real Estate Recovery in Coming 3 Months : ASSOCHAM

Published: June 3, 2009

Anticipating strong policy measures for real estate in forthcoming Budget, embattled realty majors see positive signs of recovery taking place, within next Three months as affordable housing rev up demand and improved cash flows address their liquidity concerns, according to The Associated Chambers of Commerce and Industry of India (ASSOCHAM).
The ASSOCHAM Business Barometer (ABB) Survey [...]

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Real Estate: Buyers willing to come forward at the right price

Published: June 2, 2009

“Land monopoly is not only monopoly, but it is by far the greatest of monopolies; it is a perpetual monopoly, and it is the mother of all other
forms of monopoly.”
Said former British Prime Minister Winston Churchill and that’s the sense of power felt by those who hold land. The thinking of Indian developers is no [...]

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Real estate recovery in next three months: Assocham

Published: May 29, 2009

New Delhi: India’s realtors believe the sector will see signs of recovery in the next three months, according to the Associated Chambers of Commerce and Industry of India (Assocham). A survey report by the industry lobby said 88 percent of chief executives of real estate firms see a quick revival within the next three months [...]

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Commercial rentals in Delhi, Mumbai plunge

Published: May 21, 2009

Commercial real estate rentals in Mumbai and New Delhi have seen a steep decline of 24 per cent in the January March quarter over the previous quarter of the financial year 2008-09, according to a research report by Jones Lang LaSalle Meghraj (JLLM), a property consultancy firm.
“The biggest decline in commercial rentals have been in [...]

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DLF Plans Commercial and Residential Projects in Chennai and Hyderabad

Published: March 9, 2009

DLF plans to invest around INR 3,500 crore in various residential and commercial projects in and around Chennai and in Hyderabad. The projects will be developed through a SPV, which will have equity capital from DLF, JV partners. The balance fund requirement would be met through internal accruals. DLF Commercial Developers have proposed to set [...]

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DLF to Cut Apartments rates in Chennai and Bangalore

Published: March 5, 2009

A decision by DLF Ltd, the country’s biggest realty firm by market value, to reduce prices of its apartments in Chennai and Bangalore by between 10% and 30% could trigger a wider correction in what is still an overheated market, according to analysts and consultants. The DLF move will force other realtors to cut apartment [...]

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How a real-estate firm tries to buck the slump

Published: February 11, 2009

New Delhi: The slump in the Indian real-estate industry has forced one of the country’s largest real-estate developers to introduce a scheme that would have sounded incredible yesterday.
The company, which is listed in India, told The Indian Express it would pioneer a ‘price protection’ scheme soon for customers buying homes in the Rs 20 lakh-to-Rs [...]

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NRIs urged to invest in property business

Published: February 9, 2009

MANAMA: Indians should turn the present financial crisis to their advantage by investing in the real estate business back home, says a leading Bahrain businessman.
With property prices and rents spiraling in the Gulf and the Indian rupee depreciating, Indian real estate developers are actively promoting their products among expatriate Indians, including those in Bahrain.
“Despite the [...]

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India’s best places to invest in real estate in 2009

Published: January 12, 2009

Investing your money in real estate is not enough. Knowing where to invest is necessary for attractive gains in the property market. So which are the best places to invest in real estate in 2009? Global real estate consultancy Jones Lang LaSalle Meghraj (JLLM) outlines the nine best places that can fetch you lucrative returns:
Mumbai: [...]

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